The interruption of operations with Russia will lead the New Development Bank (NDB), the BRICS bank, to automatically extend credits to the other partners of the institution. Valor found that the expectation, which dates from before the war, is that financing for Brazil will total at least $6 billion over the next five years. The […]
After 44 years in operation, the São Simão hydroelectric plant will undergo modernization. The Hydro division of GE Renewable Energy and SPIC Brasil, a subsidiary of State Power Investment Corporation of China (SPIC), signed a R$700 million contract for the modernization of the plant’s generating units and auxiliary services. The contract provides for the supply […]
XP intends to strengthen its hand in the space it considers less busy in the corporate segment: that of companies with cash surpluses rather than those that require credit – and typically provide better returns to banks. After revenues in the segment reached R$850 million last year, compared with zero three years earlier, the platform […]